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Approved foreign exchange business in February 2021

Central Bank of the Republic of China (Taiwan)

 PRESS RELEASE                                                        Release Date: March 12, 2021                              

Approved foreign exchange business in February 2021

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

  1. Cathay United Bank and Australia and New Zealand Banking Group Limited Taipei Branch to issue foreign currency denominated negotiable certificate of deposits.

  2. KGI Securities to engage in non-principal protected callable structured products composed of foreign currency trust fund options linked to foreign currency principals.

  3. Two branches of two banks to operate the foreign exchange business. As of the end of February 2021, there were 3,468 authorized banks, including 3,430 domestic banks, 3 Mainland banks, and 35 foreign banks.

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